Following Labor Secretary Marty Walsh’s Visit, Blink Charging Announces Plans to Expand U.S. Manufacturing Capabilities

Blink Charging Co.

  • Blink Charging Reaffirms Commitment to US Manufacturing with New Facility to Expand Charging Capabilities and Support Electric Vehicle Sales Growth and Governments’ Ambitious Electric Vehicle Charging Infrastructure Plans

  • The new facility will add up to 300 additional highly-skilled US manufacturing jobs and produce Buy America-compliant Level 2 (L2) AC and Direct Current (DCFC) chargers.

  • The estimated capacity of the new facility will have a minimum of 10,000 DCFCs and 20,000 to 40,000 L2 chargers per year

  • Previously, Blink requested an increase in capacity at its Bowie, MD manufacturing facility from 10,000 units to 50,000 units by 2024. Today’s announcement will further increase production of chargers in the United States. United to 100,000 chargers per year.

Miami Beach, Fla., Oct. 18, 2022 (GLOBE NEWSWIRE) — Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the “Company”), a leading owner and operator of electric vehicle (EV) charging equipment and services, today announced , following a roundtable with US Secretary of Labor Marty Walsh, its commitment to establish a new manufacturing plant in the United States, which will create new jobs and increase loader production capacity to meet demand growing market.

Blink has launched its search to locate a state-of-the-art manufacturing facility in the United States that will provide up to 200,000 square feet of space, with potential future growth, and create approximately 300 additional jobs for highly skilled workers such as en as engineers and manufacturing personnel to Blink’s current workforce. The brand new facility will use the latest technology to manufacture both DCFC and Level 2 chargers. The facility will have an initial production capacity of 10,000 DCFCs and 20,000 to 40,000 Level 2 (AC) chargers.

Blink employs over 300 people in the United States with its headquarters in Miami Beach, FL with additional offices and facilities in Tempe, AZ, Bowie, MD, and Los Angeles, CA. With its international staff, Blink has nearly 600 employees worldwide with overseas offices in the Netherlands, UK, Greece, Belgium and India. Along with its in-house staff, Blink works with a diverse group of suppliers and contractors supporting another 700 esteemed jobs nationwide. The addition of jobs at the new plant reinforces Blink’s commitment to American manufacturing, bringing the company’s total estimated workforce in the United States to nearly 600 employees over the next few years. .

Blink retained global commercial real estate services firm, Cushman & Wakefield, for its research and narrowed the location of the US site to a handful of states, including Florida, Texas, Tennessee and Carolina. South.
“We are excited to help Blink identify a location and execute delivery for a new state-of-the-art manufacturing facility in the United States. Blink is a major player in the electric vehicle charging space and this facility will be paramount. in supporting their future growth,” said Andy Heymann, Managing Director of Cushman & Wakefield.

“This is an incredible opportunity to reaffirm our commitment to building Blink EV chargers here in the United States and to play a vital role in growing our national EV infrastructure while creating valuable American jobs,” said Michael D. Farkas, Chairman and CEO of Blink. Charging. “At Blink, we are committed to helping build the electric vehicle charging infrastructure in the United States and contributing to the economy with high-end manufacturing jobs, as well as indirect positions from facilities, operations and maintenance. We look forward to working with the Biden administration and Secretary Walsh to continue manufacturing here in the United States”

Blink’s commitment to American manufacturing goes hand in hand with the Biden administration’s commitment to the electric vehicle industry. Through the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), the Biden administration has put America on the path to achieving the President’s goal to strategically place 500,000 chargers on the country’s roads to transition the country to electric vehicles seamlessly. . These landmark laws will accelerate the electrification of transportation while creating well-paying American jobs and helping reduce emissions across all sectors of the economy.

During his visit to Blink Charging Headquarters, Secretary Walsh reaffirmed the administration’s commitment to making electric vehicle charging more affordable and accessible while generating new economic opportunities that support well-paying jobs across the country. The relocation of US manufacturing jobs will boost the country’s economic growth.

“Blink’s commitment to Made in America is a crucial example of how public-private partnerships can be harnessed to create well-paying union jobs while reducing pollution and improving America’s energy security,” the director said. Secretary of Labor Marty Walsh. “The Biden-Harris administration is proud to underscore this level of industry partner involvement as we implement historic investments to secure our national electric vehicle supply chain and rapidly expand a nationwide network of charging stations. charging stations for electric vehicles.

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About Flashing Load

Blink Charging Co. (Nasdaq: BLNK, BLNKW), a leader in electric vehicle (EV) charging equipment, has deployed more than 51,000 charging ports in 25 countries, many of which are networked EV charging stations, allowing EV drivers to easily charge anywhere. Blink charging points around the world. Blink’s core line of products and services includes the Blink EV charging network (“Blink Network”), EV charging equipment, EV charging services, and products and services from recent acquisitions, including SemaConnect, Blue Corner and BlueLA. The Blink Network uses proprietary cloud-based software that operates, maintains and tracks network-connected electric vehicle charging stations and associated charging data. With global EV purchases expected to reach 10 million vehicles by 2025 from approximately 2 million in 2019, Blink has established key strategic partnerships to drive adoption in many types of locations, including parking lots, multi-family residences and condos, workplaces, healthcare/medical facilities, schools and universities, airports, car dealerships, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets and transport hubs. For more information, please visit https://www.blinkcharge.com/.

Forward-looking statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements and words such as “anticipate”, “expect”, “intend”, “may”, “will”, “should” or other comparable terms, involve risks and uncertainties. for they relate to events and depend on circumstances which will occur in the future. These statements include statements regarding the current intention, belief or expectations of Blink Charging and its management, and the assumptions on which such statements are based. Potential investors are cautioned that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in Blink Charging’s periodic reports filed with the SEC, and that actual results may differ materially. of those contemplated by such forward-looking statements. research statements. Except as required by federal securities law, Blink Charging assumes no obligation to update or revise any forward-looking statements to reflect changed terms.

Blink Investor Relations Contact
[email protected]
855-313-8187

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